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Gold Demand Trends 2022

World Gold Council

January 2023

Category: Invest

2022 saw the strongest demand for gold in more than a decade, driven by colossal central bank purchases, high retail investor buying and slower ETF outflows.

Annual demand increased 18% to 4,741t, which was almost on a par with 2011 – a year of exceptional investment demand – and which included record demand of 1,337t in Q4.


Gold jewellery consumption was down slightly, by three percent, whilst demand for gold bars and coins grew by two percent. A second consecutive quarter of huge purchasing from central banks globally saw demand in the sector reach a 55-year high, whilst 2022 also saw the LBMA gold price PM reach a record annual average of $1,800 per ounce.

Click here to download the full World Gold Council report.

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